At the start of October, I wrote about sponsored access and the danger I thought it posed (see Sponsored access and DMA: Predicting the next blow up). It seems that my fear has spread to the US Securities and Exchange Commission. In a speech to the Securities Industry and Financial Markets Association on October 27 in New York, SEC Chairman Mary Schapiro said: “As many of you know, we are already moving forward on our market structure initiative.
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